7650 Highway 78 W Okeechobee, Florida 34971, United States
The Commercial for Sale located at 7650 Highway 78 W Okeechobee Florida 34971 is currently for Sale, 7650 Highway 78 W Okeechobee Florida 34971 is listed for $1,799,000. If the property located at 7650 Highway 78 W Okeechobee Florida 34971 isn't what you're looking for, search Florida Real Estate to see other Commercial for Sale in Okeechobee .
MLS#: F10449471
$1,799,000 USD
Property features
Construction details
- Year built
- 1984
- Building condition
- Resale
Description
Cloverport MHP is located minutes from Lake Okeechobee, Kissimmee River and downtown Okeechobee with its dining and shopping, and less than 6 miles from the up-and-coming Bass Pro Resort. The park is a 27 lot/pad and 1 CBS studio apt. complex with laundry facilities. 6 units are park owned, 15 units are tenants owned (lot rent only), 1 unit is financed and there are 6 vacant pads. the complex sits on over 2.5 acres, with three entrances and sub-metered public water & septic. There are 5 brand new mobile one bedroom/one bath homes recently delivered and installed, estimated to rent for $1400 per month. The value-add lies in leasing the 6 vacant pads or installing new MH's at a cost of approx. $58,000 per unit providing a 9.5%-10% cap rate with an investment estimated at $348,000.
Location
